Neiman Marcus Growing Close To $6 Billion Sale To Ares

Mani

Published onSeptember 9, 2013

Updated on May 13, 2021

Neiman Marcus is in advanced talks to sell to a consortium of Ares Management LLC and a Canadian pension plan for about $6 billion.

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Michael J. De La Merced of Dealbook reports the deal to sell the luxury retailer could be announced as soon as this week, citing known sources.

Neiman Marcus Second deal in luxury industry

The proposed Neiman Marcus deal would signify the second deal in the luxury industry in recent times.

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Mani

Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports

Neiman Marcus Growing Close To $6 Billion Sale To Ares

Neiman Marcus Second deal in luxury industry

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